Arta TechFin Corporation Limited (HK:0279) has released an update.
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Arta TechFin Corporation Limited is set to issue over 2.4 billion new shares following the conversion of a HK$40 million loan from its controlling shareholder, Radiant Alliance. This move will increase the company’s issued share capital by approximately 11.5%, while a separate share transfer agreement is in place to ensure compliance with public float requirements. Despite the changes, the company’s financial stability and operations are expected to remain unaffected.
For further insights into HK:0279 stock, check out TipRanks’ Stock Analysis page.